Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Sylmar, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sylmar, CA provides a financial boost to eligible homebuyers in Sylmar, CA, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Sylmar, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sylmar, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sylmar, CA, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Sylmar, CA without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Sylmar, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sylmar, CA.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Sylmar, CA. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Sylmar, CA and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA Down Payment Assistance Home Loans in Sylmar, California offer a great opportunity for first-time homebuyers to achieve their dream of homeownership. These loans require a lower down payment compared to conventional loans, making it more accessible for individuals with limited savings. Additionally, FHA loans provide competitive interest rates and are more lenient when it comes to credit requirements, allowing a wider range of applicants to qualify for financing. The down payment assistance programs further help reduce the financial burden on buyers, making purchasing a home in Sylmar more achievable. Sylmar, California, is a vibrant community with a diverse population. The area boasts a variety of amenities, including shopping centers, restaurants, parks, and schools. The demographic makeup of Sylmar includes a mix of families, young professionals, and retirees, creating a dynamic and welcoming environment. The housing market in Sylmar is competitive yet affordable compared to neighboring areas in Los Angeles. With the assistance of FHA loans, prospective buyers can explore a range of housing options, from single-family homes to condominiums, catering to different preferences and budgets. Some main attractions in Sylmar include the beautiful Veterans Memorial Park, the Wildlife Learning Center, and El Cariso Park, providing residents with opportunities for outdoor recreation and relaxation. The community also hosts various events and festivals throughout the year, fostering a strong sense of community and belonging.
Benefits of FHA Down Payment Assistance Home Loan in Sylmar, California
